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Outsourcing is the main problem.
America's largest industrial companies are giving jobs to East Indians, Asians and anywhere else but America. It was only a matter of time till the shit hit the fan and until that problem is fixed, and jobs are brought back to America the economy will rebuild itself. As it stands right now these politicans are just adding fuel to the fire and nothing will change till Americans are working again. Just giving them jobs to clean streets and build schools does nothing more than increase the nations debt in the long run.
Obama will not be able to stop the problem unless he wants to get serious about companies paying low wage workers off shore and bring jobs back to Americans.
Right now companies can pay an American or pay some foreign labor worker. Hands down the foreign worker is cheaper in every way. Do not have to insure them, hardly have to pay them. There is no reason to hire American workers these days for big companies.
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